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of <h1>High Court Quashes Assessment Order, Emphasizes Compliance u/s 144 of Income Tax Act for Search Operations.</h1> The article analyzes a High Court ruling on the application of best judgment assessments under Section 144 of the Income Tax Act, 1961, in conjunction with Sections 153A/153C, which pertain to search and seizure operations. The court scrutinized the conditions for applying Section 144, emphasizing the necessity of procedural compliance and the critical role of the satisfaction note. It also addressed the extension of assessment periods beyond six years and the requirement of a Document Identification Number (DIN) for transparency. The court ultimately quashed the assessment order, highlighting the balance between tax authority powers and taxpayer rights.
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